MKTX

MarketAxess reported Q3 2026 earnings of $1.86 per share, missing consensus estimates of $1.95, and revenues of $210.41 million, below expectations. The stock has underperformed the S&P 500 by 21.2% year-to-date.

The company received a Zacks Rank #3 (Hold) rating with mixed estimate revisions. Robinhood Markets is expected to report results on October 27 with projected earnings of $0.56 per share, down 8.2% year-over-year.

MarketAxess (MKTX), a bond trading platform operator, has a strong track record of beating earnings estimates with an average surprise of 4.19% over the past two quarters. The stock currently has a positive Earnings ESP of +8.08% combined with a Zacks Rank #3 (Hold), suggesting another earnings beat is likely. Stocks with this combination historically beat consensus estimates nearly 70% of the time.

MarketAxess Holdings Inc. (MKTX) has expanded its partnership with Arcesium by integrating its CP+ and TraX datasets into Arcesium's platforms, enabling institutional clients to access pricing, liquidity, and transaction data within their existing workflows. Building on the existing Repo Match service that handles over $700 billion in daily volume, this integration aims to strengthen MKTX's data and analytics business and create new monetization opportunities. However, MKTX shares have underperformed year-to-date, falling 9.3% against the industry's 0.9% growth.

BGC Group and MarketAxess are compared as potential value stock investments in the Financial - Investment Bank sector. BGC Group emerges as the superior value option with a Zacks Rank of #2 (Buy) versus MarketAxess's #3 (Hold), supported by a lower forward P/E ratio of 8.56 compared to 20.36, and a better Value grade of B versus D.